01] Front Page.qxp
4/16/2015
12:57 PM
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Vol.14 No.24
502 new projects announced in March PROJECTSTODAY
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total of 616 new projects worth `47,461 crore were announced in March, of which 502 were greenfield projects, 100 were plant modernisation and the balance 14 were brownfield projects. A total of 616 new projects worth `47,461 crore were announced in March, of which 502 were greenfield projects, 100 were plant modernisation and the balance 14 were brownfield projects. The announcement of a 4,000MW coal-based ultra mega power project in Etah district of Uttar Pradesh by Power Finance Corporation lifted the overall fresh investment figures for the month. The project, to be executed on BOT basis, is expected to cost around `25,000 crore. Out of the 616 projects, the promoters of 313 projects, mostly in the power distribution and real estate sectors, are yet to firm up project costs, as either the scope has not been finalised or the location is yet to be fixed. Of the 10 mega projects valued at `500 crore or more announced in March 2015, two were in the manufacturing sector. Seya Industries plans to set up a 3.6-lakh tpa sulphuric acid unit at Tarapur Industrial Area, Palghar, in Thane district of Maharashtra, with an investment of `700 crore, and Southern Railways intends to set up a `550-crore rail coach factory in Palakkad district of Kerala. Following the allocation of 25 coalmines to private firms by the Ministry of Power in ScheduleII & III under the Coal Mines (Special Provisions) Second
Ordinance, 2014, the month also saw the announcement of a number of coalmine development projects. Though most of the project promoters have not announced the size of their investments, the sector is expected to attract considerable investment in the next two to three years. The services and utilities (infrastructure) sector saw 504 new projects worth `13,146 crore and accounted for 27 per cent of the total fresh investment announced in March. Uttar Pradesh Rajkiya Nirman Nigam plans to develop a `641-crore police bhawan (signature building) at Sector-7, Gomtinagar Extension, in Lucknow district of Uttar Pradesh, on turnkey basis. Besides the above project, Asian Institute of Gastroenterology plans to construct a hospital with an investment of `500 crore at Survey No.136/1, Gachibowli in Ranga Reddy district of Telangana. The project, to be spread over 12.5 lakh sq. ft of land, comprises a building of G+4 floors with a capacity of 600 beds including various modern amenities. Shapoorji Pallonji & Co. Ltd is the civil contractor for the project. The 17 new mega food parks sanctioned by the Ministry of Food Processing, last month, is expected to bring in fresh investment of `2,333 crore. Out of the 17 MFPs, six have been sanctioned to state government authorities and 11 to private developers. Eighteen new power projects and 68 new distribution lines
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FRESH INVESTMENT BY TOP TEN STATES - MARCH 2015 States Uttar Pradesh Arunachal Pradesh Gujarat Maharashtra Telangana Tamil Nadu Madhya Pradesh Andhra Pradesh Kerala Punjab All India
Projects 94 5 45 101 33 51 38 34 22 16 616
`Crore 27,927.36 3,253.5 2,047.4 1,839.47 1,786.58 1,633.74 1,258.58 1,198.94 1,140.98 1,027.73 47,461.69
Share (%) 58.84 6.86 4.31 3.88 3.76 3.44 2.65 2.53 2.4 2.17 100
April 16-30, 2015 `100
Pages 16 ILLUSTRATION ONLY/WIKIMEDIA COMMONS